So Alistar Darling unveiled his plans for the UK economy. An increase in tax on people making over £150,000 a year. A decrease in VAT to 15%. An increase in duty on Petrol, cigarettes and Alcohol. An increase in the value mortgages that are protected.
Pretty obviously a package designed to get the non-rich spending again. As it should be.
For years now, the Republicans in the US and the Torys here have successfully convinced just about everyone that if you give the tax breaks, subsidies and incentives to the rich, they will spend them, not the middle class and poor, who would save them, creating trickle-down economics.
That is the reason we are in the current economic situation we are. Turns out 'trickle-down' meant 'give me more' and the rich got richer, and the poor, well, you know.
Being relatively new to this country, I might be wrong, but this new budget of Darlings is the first time we are seeing a real change from free-market capitalism to a more equal, responsible capitalism that benefits everyone. The arguement is not about big or small goernment, which is happening in the States, but about fairness in the face of a crisis caused by the rich wanting more money, but affecting the unrich much, much worse.
The rich should pay. They're they ones who caused this panic.
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